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cnbc.com
Retailer Reformation opens flat in NYSE debut as CEO says company is 'ready to scale'
Retailer Reformation made its IPO on the New York Stock Exchange on Thursday under the ticker symbol "REF."
bbc.co.uk
British Airways flight called mayday on approach to Heathrow
The call was made on an Airbus o20 flying from Dusseldorf airport in Germany on 6 July following two stall warnings.
cnbc.com
UEFA threatens World Cup boycott over FIFA private equity investment plan
FIFA has faced backlash from global soccer governing bodies over the proposal to allow private investment.
cnbc.com
OpenAI cuts prices for two of its GPT-5.6 AI models as companies grow sensitive to costs
The company is facing pressure to cater to a more cost-sensitive customer base.
bbc.co.uk
Hundreds of jobs to go at Jaguar Land Rover
The car giant says it expects fewer than 300 people will lose their jobs.
cnbc.com
AI investor Leopold Aschenbrenner forced to unwind all public stock positions after steep losses, sources say
Leopold Aschenbrenner's hedge fund has sold all of its public stock holdings, according to people familiar with the matter.
bbc.co.uk
Bank holds interest rates but says it is ready to raise them if Iran war escalates
The Bank also expects the economy to grow more than previously forecast this year, although uncertainties remain because of the Iran war.
cnbc.com
Amazon on deck to report earnings after the bell with cloud, capex in focus
Amazon projected its 2026 capex will reach $200 billion, and some analysts believe the total could rise in the face of surging artificial intelligence demand.
cnbc.com
Ferrari CEO says he 'would not change anything' about polarizing Luce EV debut
Ferrari is pleased with the launch of the Luce all-electric vehicle despite significant criticism upon the car's spring debut, according to CEO Benedetto Vigna.
theguardian.com
Bank of England holds interest rates at 3.75% as inflation fears mount
Split vote comes as Iran war is rekindled and oil price climbs close to $90 a barrelBusiness live – latest updatesOnly Middle East crisis is preventing drop in UK interest ratesThe Bank of England has kept UK interest rates on hold as it warned that a further escalation in the Iran war could drive inflation above 4% next year, adding to cost of living pressures on households.Against a volatile backdrop in the Middle East conflict, the Bank’s monetary policy committee (MPC) voted by six to three to keep its key base rate at 3.75%. Continue reading...
theguardian.com
Profits boost for UK defence firms as governments increase spending
Shares in Rolls-Royce jump by 5% after it lifts earnings guidance, while BAE Systems also upgrades profit forecastsRolls-Royce and BAE Systems are expecting higher profits as governments around the world increase their defence spending.Both companies lifted their earnings guidance on Thursday morning, citing commitments from governments to raise investment in defence systems. Continue reading...
cnbc.com
Ferrari raises 2026 guidance after Q2 earnings beat
Ferrari is bumping up its 2026 guidance after beating Wall Street's second quarter expectations amid "healthy" demand for its products.
cnbc.com
Apple and Amazon report after the bell. Here's what the options market is saying
Earnings on deck this afternoon for Apple and Amazon will likely decide if the stock market can end what’s so far been a rough week on solid footing.
cnbc.com
Bank of England holds UK interest rate steady at 3.75% — but policymakers see upside inflation risk
The Bank of England on Thursday held U.K. interest rates steady at 3.75%, in line with economists' expectations.
cnbc.com
U.S. economy slowed to 1.5% growth rate in Q2; June core inflation at 3.3%
While the GDP number was below expectations, the miss appeared to come from a decline in federal government spending and inventories.
cnbc.com
Jeep maker Stellantis swings to profit on rising demand in North America
Auto giant Stellantis on Thursday swung to profit in the second quarter, boosted by rising demand in North America.
theguardian.com
Child pedestrian casualties are almost five times higher in England’s worst-off areas
Official figures expose widening gap in road deaths and injuries between poor and wealthy postcodesThe number of children killed or injured crossing roads is almost five times higher in England’s most deprived areas than its wealthiest, official analysis suggests.Department for Transport figures show a widening gap over the past 10 years in road casualties between those living in the poorest 10% of postcodes and the most affluent 10%. Continue reading...
cnbc.com
The oil majors are about to report booming profits. These smaller stocks may be better buys
Several renewable and AI-linked stocks that may be better buys than the majors right now, according to Wall Street.
bbc.co.uk
Virtual interviews don't show bosses your personality, says Burnham
Interviews online may not allow young people to "shine" and communicate their "passion", the prime minister says.
bbc.co.uk
US economic growth sees surprise slowdown in second quarter
The economy grew at an annual rate of 1.5% in the three months to June, down from 2.1% seen in the previous quarter.
cnbc.com
New details in the OpenAI Hugging Face hack show how far agents will go: 'It's now remarkably easy'
OpenAI's rogue models used publicly exposed credentials across "four accounts on four services" to help facilitate the Hugging Face breach.
cnbc.com
Oil prices fall despite escalating fighting between U.S. and Iran
The U.S. launched a "heavy wave" of strikes against Iran in retaliation for its missile attacks on American forces in the region.
theguardian.com
The future of AI hinges on openness and cooperation. China and Britain can gain much by working together | Zheng Zeguang
There is no point competing in isolation. There are so many benefits to be had, in manufacturing, healthcare, research and governanceZheng Zeguang is the Chinese ambassador to the UKArtificial intelligence is widely regarded as one of the defining technologies of our time. Like the steam engine, the harnessing of electricity and the internet before it, it has the potential to transform how we work, live and interact.But every technological revolution brings challenges as well as opportunities. As AI systems become more capable, people are asking legitimate questions. How can AI remain safe, accountable and under human control? How should its development be governed? How can its benefits be shared more widely? Continue reading...
theguardian.com
No TV experience? At CBS News, that’s no problem | Margaret Sullivan
The conservative columnist Ross Douthat is the network’s latest perplexing hire – but the move is in line with the new leadershipIn media circles, this week’s hire of a prominent New York Times columnist as a correspondent for CBS’s 60 Minutes was greeted with disbelief.The collective response went something like this: “What?!” Continue reading...
cnbc.com
30-year yield hovers near 2007 high as traders weigh Fed decision to holds rates steady
Investors weighed the Federal Reserve's decision to hold interest rates steady.
theguardian.com
Raids across UK in crackdown on nuisance car finance texts
Laptops, phones and documents seized as information commissioner acts on messages about mis-selling scandalLaptops, mobile phones and documents have been seized after officials carried out search warrants in a crackdown on claims companies plaguing people with spam text messages about the car finance mis-selling scandal.The UK’s Information Commissioner’s Office (ICO) executed warrants at homes and businesses linked to five companies in London, Liverpool, Bolton, Burnley and Swansea on Wednesday. Continue reading...
cnbc.com
Egypt says drone hit two ships at Mediterranean port as attacks on energy infrastructure widen
The unclaimed attack comes as Iran, its Houthi alllies in Yemen and Iraqi militias have widened strikes on energy infrastructure across the region.
theguardian.com
Only the Middle East crisis is preventing a drop in UK interest rates
Bank’s wariness about inflationary pressures from the conflict lie behind decision to hold steady at 3.75%Business live – latest updatesThere is a threat of high inflation coming to the UK but only from the conflict in the Middle East, which could keep oil prices high for much longer than was expected when Donald Trump first began attacking Iran.It is the war that makes the difference between a benign outlook for inflation and one that puts it back on a rising trajectory, senior UK central bankers believe. Continue reading...
bbc.co.uk
What's happening to UK interest rates and what does it mean for mortgages?
The interest rate set by the Bank of England affects mortgage, loan and savings rates for millions.
cnbc.com
Rolls-Royce CEO says major hyperscaler nuclear deal is imminent as data center demand soars
Rolls-Royce is riding two of the biggest investment themes in global markets: the defense boom and the AI buildout.
cnbc.com
Iran says it will 'punish the aggressor today' after 'heavy wave' of U.S. strikes
Iran's Revolutionary Guard threatened further escalation on Thursday after a wave of retaliatory U.S. strikes on the country overnight.
theguardian.com
Lloyds Bank to cut £2bn in costs as part of AI-powered strategy
Chief executive says the four-year plan will lead to greater efficiency but gives no details of potential job lossesBusiness live – latest updatesLloyds Banking Group will cut another £2bn of costs as part of a four-year plan under which its chief executive will use new tech and AI to drive growth.Charlie Nunn said the strategy, which the UK’s largest high street lender will launch in January, would involve investing £13bn into the business by 2030, including for “pioneering technology” to lure new business, improve efficiency and increase payouts for shareholders. Continue reading...
bbc.co.uk
Shell profits double as oil prices rise due to Iran war
Disruption to global supplies of oil and liquid natural gas through the Strait of Hormuz has pushed up prices.
cnbc.com
Samsung says chip crunch will last until 2028 as quarterly profit soars
Samsung Electronics extended its record run with second-quarter operating profit topping analysts' estimates.
cnbc.com
From Hormuz to the Black Sea: Maritime battlefields are shaping ‘a new world order’
Attacks near the Strait of Hormuz, Red Sea and Black Sea are pushing shipowners to reroute cargo and rethink global trade risks.
cnbc.com
Shell posts best quarterly profit in four years as Iran war boosts oil and gas prices
The bumper result comes as energy majors receive a profit boost from soaring fossil fuel prices amid the Iran war.
bbc.co.uk
Burnham says nuclear sub investment will protect UK and boost jobs
Speaking ahead of a visit to Barrow-in-Furness, the PM seeks to stress the economic benefits of defence spending.
bbc.co.uk
Trump considering AI controls after OpenAI hacking incidents
It marks a change of tone for his administration, which has taken a more hands-off approach to the technology.
theguardian.com
Shell’s profits more than double after jump in oil and gas prices
Environmentalists renew calls for windfall tax to support households after Q2 earnings rise to almost $10bnShell has posted its second highest quarterly earnings on record as the energy market surge caused by the Middle East crisis helped to double its net profit to almost $10bn in the three months to June.Europe’s biggest oil and gas company reported a quarterly profit of $9.8bn (£7.4bn), more than double the figure for the second quarter last year and the highest since its record-high earnings in the months after Russia’s invasion of Ukraine. Continue reading...
cnbc.com
CNBC Daily Open: Oil heats up on Middle East tensions as Fed sees a 'family fight'
Tensions in the Middle East are heating up again. U.S. forces hit Iran late Wednesday stateside, after Trump's threat to give Tehran a "beating."
cnbc.com
Here’s why Europe’s hot summers are becoming an expensive challenge
Record heatwaves are straining Western Europe’s infrastructure, businesses and budgets as wildfires and insurance costs rise.
theguardian.com
Carmakers ‘delaying investment in UK factories until EV sales rules relaxed’
Industry wants mandate forcing manufacturers to sell increasing share of electric cars each year to be easedCarmakers are delaying final decisions to invest in UK factories until electric car sales rules are relaxed, according to the head of the British car industry’s lobby group.The chief executive of the Society of Motor Manufacturers and Traders (SMMT), Mike Hawes, said those with existing UK operations were considering building new models, but had held back so far. Continue reading...
cnbc.com
China threatens retaliation against U.S. humanoid robot ban, says it 'severely damages' relations
China's Commerce Ministry said Thursday the U.S. Federal Communications Commission has repeatedly ignored Beijing's restrained stance.
cnbc.com
China AI supplier Zhongji Innolight slips in Hong Kong debut after $6.8 billion IPO
Shares of Zhongji Innolight fell on Thursday after the Chinese optical transceiver maker made its trading debut on the Hong Kong Stock Exchange.
bbc.co.uk
Wiped out by a hurricane, this US community is now a global energy giant
A US county flattened by Hurricane Rita is now the world's largest exporter of liquified natural gas.
cnbc.com
Inside India newsletter: Meta's clout in the world's largest democracy is surging — inviting scrutiny
Meta Platforms has strengthened its influence on India as Gen Z protesters widely relied on Instagram to raise their concerns against the Modi government.
bbc.co.uk
Your burger costs more this summer, but farmers say they're not cashing in
The prices of beef, bread buns and bagged salad have risen sharply over the past year, figures show.
cnbc.com
The U.S. wants Asia to use its AI — but China dominates cheaper models
The world's largest continent is becoming the center of the artificial intelligence race between the U.S. and China.
bbc.co.uk
Beauty Pie founder on how she dropped out of university and built five beauty businesses
Marcia Kilgore, founder of Beauty Pie, shares her top tips on how to create a successful business.
bbc.co.uk
Meta shares fall as frustration grows over AI spending plans
CEO Mark Zuckerberg said the firm intends to sell its AI tools to other companies for the first time.
bbc.co.uk
The Chinese robot army transforming the UK's retail industry
Britain's weak productivity growth and labour shortages are creating an opportunity for China's robotics firms.
theguardian.com
Meta misses earnings forecasts after Zuckerberg media push to promote AI
Stock tumbles nearly 8% after weaker-than-expected results, despite CEO’s blitz to tout positive effects of AIMark Zuckerberg’s media spree touting the positive effects of artificial intelligence did little to cushion the blow of Meta’s second-quarter earnings, which sent its stock tumbling on Wednesday.In a Wall Street Journal op-ed published on Tuesday, the Meta chief executive expressed his optimism for a world where everyone has access to a super-intelligent machine. Continue reading...
bbc.co.uk
'No magic wand' to tackle high prices, Fed boss says as US interest rates held
The Federal Reserve's decision, which was broadly expected, means rates remain between the 3.5% and 3.75%.
bbc.co.uk
'We are rescuing unpicked blackberries'
Low-income households will benefit from blackberries being collected, a community group says.
bbc.co.uk
Charities unable to pay staff after fraud alert
Security fears saw CAF Bank, which serves 14,000 UK charities, suspend its online banking portal.
theguardian.com
Parliamentary watchdog decides against inquiry into £80,000 loan to Reform’s deputy leader
Richard Tice had been referred to standards commissioner over undeclared sum from Farage aide George CottrellParliament’s standards watchdog has declined to investigate a complaint made against Richard Tice over an undeclared loan of nearly £80,000 from Nigel Farage’s aide George Cottrell.The Liberal Democrats had referred Reform’s deputy leader to the parliamentary standards commissioner, which was investigating Farage after the Guardian’s revelation that he received an undeclared £5m gift from the crypto billionaire Christopher Harborne. Continue reading...
theguardian.com
TfL brings case worth up to £1bn against carmakers over Ulez compliance
Transport for London claims polluting diesel vehicles had been able to enter clean air zone without having to payTransport for London is pursuing a potential £1bn legal action against car manufacturers over vehicles it argues should not have been allowed to drive freely in the capital’s clean-air zone.The high court heard that TfL was making allegations of “fraud and negligence” against manufacturers including Stellantis, Jaguar Land Rover, BMW and Nissan over their vehicles’ levels of diesel emissions. Continue reading...
bbc.co.uk
What happens here has a big impact on your money
BBC business reporter Dearbail Jordan explains how it works from inside the Bank of England.
bbc.co.uk
Some tech shares are plunging - what does that mean for the AI revolution?
Sharp falls in the value of chip makers have stoked investor concerns that the euphoria around AI related companies is fading.
theguardian.com
Drinkflation: why British booze is getting weaker
While the sizes and prices are staying the same, brands are reducing the alcohol content in their beerName: Drinkflation.Age: The current round started in 2023. Continue reading...
theguardian.com
Uefa accuses Fifa of ‘enriching themselves and their friends’ over World Cup sell-off
Fifa members given 19 September deadline to opt inFA and Concacaf join chorus of disapproval at plansUefa has accused Fifa of “using our sport to enrich themselves and their friends” after it emerged that Fifa’s 211 member associations have been given a deadline of 19 September to decide whether to apply for an initial payment of $20m (£15m) from the proceeds of its plan to sell off stakes in the World Cup to private investors.“Today we have learned of Fifa’s deadline to associations to support their proposals or have the one-off payout offer withdrawn. This says everything you need to know about this plan,” said European football’s governing body in a statement. Continue reading...
bbc.co.uk
How cow showers and fans help farmers keep cattle cool
Dairy farmers are using cow showers and fans to protect cattle as hotter summers hit milk production.
bbc.co.uk
Ticket prices set to rise by 15p as Heathrow able to recover runway project money
UK airport gets green light to charge airlines more to use the hub, which is expected to mean higher fares for flyers.
bbc.co.uk
Data centres could pay hundreds of millions in deposits for power demands
The regulator said a fee of between £237,500 to £712,500 per megawatt should be charged for upcoming projects.
theguardian.com
Trump has singled out us Canadians for special treatment in his tariff war – there is no choice but to get nasty | Matt Gurney
The White House fails to understand that Mark Carney and Canada’s regional leaders can’t cave in to the US president: it’s too toxic to voters• Matt Gurney is a journalist based in TorontoThough many hate to admit it, Canadians have long wished for more attention from the US. Well, we’re getting it now. And it turns out that President Trump and some of his top supporters in the Maga movement don’t much like us.The first big hint was when he started talking about annexing us, saying we couldn’t survive without American support. But the most recent example of Trump’s dislike for Canada can be seen in his latest tariff policies. Canada was largely spared the impact of his “Liberation Day” tariffs in April 2025 by its pre-existing free trade deal with the US (and Mexico), but earlier this month, as expected, the US declined to extend that deal for another 16-year term. It’s now subject to annual renegotiations. Then, last week, the White House announced tariffs as high as 50% on a selection of Canadian products including, for the first time, items previously protected by the trade agreement. The US called it retaliation for Canadian trade practices.Matt Gurney is a journalist based in Toronto, and co-editor of The Line, an online magazine Continue reading...
bbc.co.uk
Andy Burnham wants to fix social care - what are the options?
With Andy Burnham saying he wants to bring "substantial change" to social care in England, BBC Verify looks at what could be done.
bbc.co.uk
Matcha and protein pivot pays off for Greggs as profits rise
UK's largest fast-food chain says it is changing its menu "in line with changing tastes and trends".
theguardian.com
Uefa has to show backbone: concrete action can make Fifa’s World Cup plans untenable | Nick Ames
European football has shown an increased willingness to talk tough with Fifa but words can only be wielded so many times• FA joins criticism of Fifa plan to sell off World Cup stakesAs the World Cup neared its conclusion, one leading figure in European football pondered how Gianni Infantino might attempt to rinse away the damaging stain of the Folarin Balogun scandal. It all came down to money. “He will just announce more funds for everyone,” was the gist, although the tournament passed without any explanation of how Fifa would carve up its record $15bn (£11.2bn) haul.That was the tip of the iceberg. Infantino’s plan to sell chunks of the World Cup to private investors, announced on Tuesday, nine days after the final, has sent shock waves around the sport and left senior personnel scrambling. There is little time for a coordinated response given Fifa, at the height of what passes for football’s holiday period, has given FAs until 19 September to decide whether to accept the initial $20m payment that would effectively count as endorsement of the new scheme. Continue reading...
theguardian.com
Greggs sales jump as iced matcha lattes and chicken rolls become heatwave hits
Rise to £1.1bn in first six months of year for bakery chain largely down to opening of new storesBusiness live – latest updatesIced matcha lattes and a bigger range of salads and chicken rolls helped Greggs to boost its sales during the string of summer heatwaves, as the bakery said it was adapting to the UK’s increasingly hot summers.Total sales at Britain’s biggest fast food business rose to £1.1bn for the first six months of the year, 7.2% higher than the same period a year earlier. Continue reading...
theguardian.com
Heathrow passengers face higher fares as airport can recover early expansion plan costs
CAA says airport can recoup £320m through higher airline charges, which are usually passed on to travellersHeathrow passengers face decades of higher fares after the regulator overrode airline objections to allow the airport to charge for planning work to build its proposed third runway.The Civil Aviation Authority (CAA) said it had permitted Heathrow Airport Limited (HAL) to recover early costs of up to £320m spent on developing its expansion plan since 2025. Continue reading...
bbc.co.uk
OpenAI says its rogue AI tried to hack other companies
The out-of-control AI found four logins which allowed it to access multiple unnamed online services.
theguardian.com
Datacentre projects face fees for grid access to ease connection queue, Ofgem says
Energy regulator’s plan would mean upfront fees or financial security via letters of credit, bonds or cash depositsDatacentre projects in Britain will be forced to pay hundreds of millions of pounds to plug into the power grid under proposals to tackle a growing electricity connection logjam.Ofgem, the sector watchdog, said it was taking action to discourage “speculative” datacentre projects from causing unnecessary delays to the grid connection queue, which includes hospitals, schools and housing developments. Continue reading...
cnbc.com
BTS' concerts have been so successful, it’s now bad for its own agency’s shares
Shares of Hybe tanked 16.09% on Tuesday, marking its worst day since June 2022. It then extended losses to tumble as much as 16.31% on Wednesday.
bbc.co.uk
1975: The world's first shop for left-handers
A London shop selling goods designed for left-handed people was doing a brisk trade.
theguardian.com
Andy Burnham’s plans for technical education build on coalition’s UTC roots
PM’s vocational model also takes inspiration from former education secretary Kenneth Baker’s visionAndy Burnham’s plans to put academic and technical education routes on an equal footing in England have been welcomed by many, but none were more enthusiastic than the former Conservative minister Kenneth Baker.“I’m very impressed with what he has said,” the 91-year-old former education secretary, home secretary and Conservative party chair told the Guardian. “It’s a very significant announcement. I’m going to try to persuade the Conservative party to support this.” Continue reading...
theguardian.com
‘Ask the right questions’: what you need to know before buying shares
Whether it is SpaceX or a bank, getting the right facts about a firm can offer vital insights before you invest in itWhen Elon Musk’s SpaceX launched on to the stock market, tens of thousands of Britons clamoured to buy a stake, putting the spotlight on DIY investing.Going it alone and buying shares in individual companies can be rewarding, but also risky. Unless you have a huge amount of cash, you are likely to end up investing in far fewer companies than if you invested in a fund. This means you are more exposed to the ups and downs of those companies’ fortunes. Continue reading...
bbc.co.uk
Unauthorised airport car park grows despite stop notice
Customers says they returned from their holidays to find their cars damaged and dirty.
cnbc.com
Why America's super rich have embraced the appeal of British soccer teams
American investors now control more than half the Premier League. CNBC examines why U.K. soccer clubs have become attractive long-term assets.
bbc.co.uk
Trump administration bans new Chinese humanoid robots
The US and China are locked in a race to the lead the world in robotics and artificial intelligence.
bbc.co.uk
The evidence that shows today's 20-somethings really do have it worse
People in their 20s are facing a tougher start to adulthood than any generation in almost half a century, according to analysis for the BBC.
bbc.co.uk
Brits urged to avoid dangerous plug adaptors this summer - what to watch out for
Campaign group Electrical Safety First has urged those "heading abroad this summer to think before they buy".
bbc.co.uk
Burnham has no scope to increase borrowing, think tank warns
The Prime Minister has announced a series of cost-of-living measure since taking office but is facing questions about how he will fund them.
bbc.co.uk
'Don't wait until you want revenge' - why prenups are on the rise
More young couples are now signing prenups to set out who gets what in the event of divorce.
theguardian.com
Is the World Cup for sale? Here’s what Fifa’s plans mean and what happens next | Paul MacInnes
Gianni Infantino is under fire from Uefa over plans to sell off commercial rights for the tournament but he says they are ‘about the democratisation of football worldwide’A week after the World Cup finished, Fifa has yet to announce whether Argentina will be punished for the violence seen on the pitch at the end of the final. What it has been able to do, however, is devise an entirely new way of running international football, which – in the words of its president, Gianni Infantino – “is about the democratisation of football worldwide”. It is also an idea to allow private investors to take a stake in Fifa’s competitions and potentially make money from the World Cup. Continue reading...
theguardian.com
Ella Baron on Andy Burnham’s plans for youth employment – cartoon
Continue reading...
theguardian.com
GSK heads to Cambridge with long-awaited positive vibes | Nils Pratley
Pharmaceutical company’s move to new £400m research centre accompanied by encouraging news for shareholders“A vote of confidence in British business,” trumpeted Andy Burnham, seizing the political gift of GSK splashing out £400m on a shiny new research and development centre in Cambridge.For positive vibes, it definitely beats the early pharma news his predecessor as prime minister received. That was the painful tale of how AstraZeneca, frustrated by indecision in the Treasury, cancelled its intended £450m expansion of a vaccine plant in Speke in Liverpool. Continue reading...
theguardian.com
Burnham bounce: Labour overtake Reform in polls – The Latest
Labour has overtaken Reform UK this week for the first time since March last year, according to multiple polls. The ‘Burnham bounce’ comes two weeks into Andy Burnham’s tenure in No 10, during which he has made major announcements on the cost of living and localised education to reduce youth unemployment, and an announcement on social care is expected soon. Is this a turning point for the beleaguered Labour government – or simply a honeymoon for the new PM? Lucy Hough speaks to senior political correspondent Peter Walker. Continue reading...
theguardian.com
GSK to cut jobs amid £1.9bn cost-cutting plan and bid for faster drug development
Pharmaceuticals company is investing £400m in UK life sciences and moving scientists to new Cambridge R&D siteBusiness live – latest updatesThe British drugmaker GSK is to announce sweeping job cuts as part of a £1.9bn cost-cutting programme to pay for a £400m investment in UK life sciences over the next three years, including in a new research and development centre in Cambridge, as it looks to develop drugs more quickly under its new chief executive.The pharmaceuticals company announced on Tuesday it will move more than 1,000 of its scientists to its new site on the Cambridge biomedical campus. It will close its R&D site in Stevenage in Hertfordshire by 2029, while upgrading its R&D laboratories at nearby Ware and moving some employees there. Continue reading...
theguardian.com
Americans feel pinch of continued Iran war: ‘It’s screwed everything up’
Whether in favor of or against the US-Israel war on Iran, people across the country are left holding the bill and wondering on its purposeFive months after the United States and Israel started a historically unpopular war against Iran that was going to supposedly last weeks, the fighting has refused to resolve in victory, defeat or peace. Iran’s supreme leader had been killed in the opening strikes, ceasefires broke down, and the strait of Hormuz has been closed and reopened.For voters interviewed across the country, while the damage may be distant, the residual effects have shown up at the pump, on the grocery bill and in a phone call telling a spouse they have a day to report for deployment. And for a country still absorbing the aftermath of Israel’s war on Gaza – funded to the tune of billions of dollars by the United States – the war in Iran lands on top of an already raw argument about what American power is for. Continue reading...
cnbc.com
Europe wildfire in pictures: Gigantic fire cloud engulfing France, Spain regions
A rare wildfire spreading across France's Bordeaux region and has spread to Western Madrid is fire cloud that can generate its own thunderstorms.
theguardian.com
We booked a Travelodge but were forced to move hotel after 1am
We told it of our 11pm arrival time but when we got there our room was no longer available as it had ‘overbooked’I booked and paid for a room in the Travelodge London King’s Cross Royal Scot hotel six weeks in advance. It was for myself and my husband, who has heart disease and dementia.I had called the hotel on the day of arrival to advise that we would be checking in at 11pm and was told that was fine. Continue reading...
theguardian.com
Cottage pie and glass of red, anyone? Britons shun salad despite heat in ‘reverse comfort eating’
Nostalgic foods like toad-in-the-hole also in demand at Waitrose as people pivot towards familiarity amid climatic and political upheavalForget a crisp salad and glass of chilled rosé. Enervated Britons are seemingly more likely to crave a rich cottage pie and a robust red in heatwaves.In a trend termed “reverse comfort eating”, Waitrose’s cottage pie sales have soared 110% in the last month and South African red wine is up 68% compared with the same period last year. The surprise spike in demand for winter comfort foods also includes retro chicken, bacon and leek pie (up 41%), chicken korma (up 67%) and chicken and ham gratin (68%). Continue reading...
bbc.co.uk
Shabaz Asks: Are Billionaires Bad?
Shabaz Ali turns author to see if the internet's favourite villains deserve the hate.
bbc.co.uk
Is it time to stop using glue and labels on paper?
Labels and adhesives can prevent paper from being recycled but there's new tech aimed at changing that.
theguardian.com
The Ukrainian startup taking the missile fight deep into Russia
Fire Point makes 100 long-range missiles and thousands of drones a month and is vital to Kyiv’s deep-strike capability, says CEO Iryna TerekhUkraine’s leading arms company is manufacturing about 100 long-range Flamingo cruise missiles a month, a rate able to support an enduring campaign of deep strike against targets hundreds of miles inside Russia.Fire Point is also making FP-1 and FP-2 fixed-wing drones at a rate of “hundreds per day”, according to chief executive Iryna Terekh. Manufacturing at scale is restarting after a pause caused by the delay in signing off €90bn of EU lending to Ukraine. Continue reading...
theguardian.com
I risk losing my livelihood because Nissan failed to repair my car
I’m a self-employed driving instructor and I’m running out of cash to hire a replacement dual-control vehicleMy livelihood as a self-employed driving instructor is under threat owing to Nissan’s failure to repair my leased dual-control car.It has been off the road awaiting a spare part for three months, and I’ve now been told it will take at least a further month to arrive. Continue reading...
theguardian.com
How Palantir got into the NHS - podcast
The investigative journalist Lucas Amin reports on how the tech company Palantir won a £330m contract with the NHS … and what happened once its software was introducedHow did Palantir – sometimes described as ‘the world’s scariest company’ – start working with the NHS?The investigative journalist Lucas Amin shares the findings of his and his colleague Peter Geoghegan’s investigation into the tech company and its relationship with the UK’s public health service – and tells a story of controversial politicians, paid-for political access, and shocking loopholes in UK lobbying regulations. Continue reading...
theguardian.com
Will prediction market ‘catch fire’ in UK, replicating US boom?
World Cup and events like Clacton byelection is driving interest in sites such as Polymarket, with UK gamblers easily able to sidestep regulationWith more plot twists than a spy thriller, Argentina’s 3-2 victory over Egypt was one of the World Cup’s most unpredictable matches.But in one living room in Reading, to the astonishment of his 16-year-old son, a football clairvoyant appeared to know exactly what would happen next. Continue reading...
theguardian.com
‘We count every litre’: how Cuba’s energy crisis sparked a daily struggle for water
Power cuts not only leave people in the dark but leave taps dry, forcing millions of Cubans to spend their days fetching water any way they canIn the cramped kitchen of her flat in Havana’s Chinatown, Mirella Martínez pushes an old metal trolley stacked with empty jerrycans. Wiping the sweat from her forehead, she fans herself gently. “It’s so hot!” she says, as the electric fans remain still due to another power outage that has left her flat sweltering in near darkness for hours.Mirella Martínez’s flat in Havana has been without running water for nearly three years Continue reading...
theguardian.com
‘Weekday games were amazing’: pubs toast extra £150m in World Cup sales
England’s progress provides best football-related uplift of recent years, with one pub too packed to host its Dolly Parton tributeLate opening hours and England’s progress to the semi-final of an expanded World Cup helped provide the best football-related uplift of recent years for pubs, figures suggest.Pubs poured 30m extra pints over the course of the tournament compared with a normal trading period, with busy pumps delivering £150m in added sales, according to the British Beer & Pubs Association (BBPA). Continue reading...
theguardian.com
‘I never thought I’d fall for a scam’: the fake Spotify emails that put you at risk of fraud
Criminals send victims to a cloned site that collects login, personal and payment detailsYou have had a Spotify account for years and your credit card is linked for the monthly payments. When an email arrives telling you that your payment couldn’t be processed you are not surprised as the expiry date on the card is soon.“We encountered an issue while processing your recent payment,” it says. “To keep your access active and avoid interruption, please review and update your information.” Continue reading...
bbc.co.uk
Money Box
What might the new team at the top of government mean for your money?
theguardian.com
Can Japan avoid a Liz Truss-style shock as its PM embarks on a giant spending spree?
Sanae Takaichi’s blueprint to inject £1.7tn and double economic growth leaves many investors fearfulInternational investors are asking where Japan’s prime minister will find the ¥370tn (£1.7tn) of extra cash that she wants to invest in 17 industrial sectors by 2040.Such is the scale of spending by Sanae Takaichi’s coalition government that many in her own party fear she is about to blow up the Japanese economy, triggering a Liz Truss-style economic shock. Continue reading...
theguardian.com
UK savings deals: the heat is on as banks offer up to 8%
Don’t delay in taking advantage of the competition that is pushing up interest rates and increasing choice, experts sayIt is shaping up to be a decent summer for savers as fierce competition among providers pushes up interest rates and increases choice.You can currently get instant- and easy-access accounts that pay up to 5% interest, and fixed-rate savings bonds that pay almost that much. Meanwhile, those looking for a regular savings account can now get up to 8%. Continue reading...
theguardian.com
Andy Burnham opens No 10 North in Manchester – video
The prime minister opened a new government base in Manchester, called No 10 North, intended to signal a shift away from what he said had been decades of economic decision-making centred in London. Heron House is temporarily accommodating No 10 North while a brownfield site just outside the city is being developed where it is expected to relocate permanentlyUK politics live – latest updates Continue reading...
bbc.co.uk
How much money do you give for a wedding gift?
You've been invited by the happy couple, but they've asked for cash - not presents. North Londoners tell us what they would do.
bbc.co.uk
The 20-somethings betting big on tech stocks
The BBC hears from people about the risks and rewards of investing in technology shares.
bbc.co.uk
This farmer wanted to quit the cocaine industry - he couldn't
Colombians who grow cocaine's raw material bemoan a lack of support to help them switch crops.
bbc.co.uk
Is tracking your food purchases good for your health?
Food tracking apps are popular, but are they a good way to make us eat a healthier diet?
theguardian.com
AI and artists can click – a new manifesto for modern creativity
The UK is both an epicentre of global creative industries and a budding AI powerhouse. Here’s how it can balance support for creatives while also embracing technological changesWhat does it mean to be a creator in today’s modern world when artificial intelligence is reshaping relationships between humans and technology?That’s one critical question the UK creative industry has been asking itself as AI rips up traditional conventions on copyright, ownership, effort, and originality. Continue reading...
bbc.co.uk
New era for Gibraltar with removal of 118-year-old border controls with Spain
It is hoped that free movement between the UK territory and Spain will provide an economic boost.
bbc.co.uk
Wealthy AI workers send San Francisco house prices soaring
The median cost of a home in the city is now $1.7m, a record high, according to the latest figures.
bbc.co.uk
Robots available for rent: But what can they do?
Robotics tech is changing fast, so for many it makes sense to rent a robot.
bbc.co.uk
AI is 'not smart' so what's next in artificial intelligence?
Leading AI researcher Yan LeCun has a start-up which is developing a more flexible AI system.
bbc.co.uk
Why Gen Z are planning for life without a state pension
Many younger people do not believe the state pension will exist when they are older
bbc.co.uk
The furious dispute over what caused Air India flight 171 to crash
The final conclusions of the investigation have yet to be published, although more could become apparent in the coming days.
bbc.co.uk
How the High Street became a window on our political instability
High Streets have declined in recent years. What does this tell us about the UK?
bbc.co.uk
The £5 coffee that tells a story of global economic turmoil
Coffees at some city centre outlets now cost £5. It's a story of tariffs, the climate, Gen Z cultural tastes, and savvy coffee farmers playing the market, writes Faisal Islam
bbc.co.uk
The threat to summer holidays looming from jet fuel shortages
What impact might shortages have on our summer holidays - and what could be done about it?
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